America COMPETES Act

Rep. Ed Perlmutter (D-CO), House sponsor of a bipartisan marijuana banking reform bill, filed an amendment to the Fiscal Year 2023 National Defense Authorization Act (NDAA) that would be incorporated into the Secure and Fair Enforcement (SAFE) Banking Act, reported Marijuana Moment. Last...

Independent Community Bankers of America (ICBA) and most state community banks are asking Congress to pass cannabis banking reform, which is currently before a bicameral conference committee, reported Marijuana Moment. The national financial group—joined by 44 state community...

About a quarter of voting members of the U.S. House have joined forces to urge congressional leaders to enact marijuana banking provisions into law as part of the large-scale manufacturing bill - America COMPETES Act. The group of 24 senators from both sides of the aisle have lined up...

The American Bankers Association (ABA) and the State Bankers Association, which represent banks of all sizes from every state in the country, sent a letter to Senate leaders asking them to include the Secure and Fair Enforcement (SAFE) Banking Act, in America COMPETES Act, an innovation and...

The U.S. House of Representatives approved the Secure and Fair Enforcement (SAFE) Banking Act by a vote of 321-101 on 4/20. This was the fourth time the House passed a bill that seeks to protect banks servicing state-legal cannabis businesses from federal prosecution. Reps. Ed Perlmutter (D)...

The U.S. House of Representatives formally attached a marijuana banking reform amendment to a large-scale bill dealing with innovation and manufacturing, marking the most recent development in the push to protect financial institutions that work with state-legal cannabis businesses. Marijuana...